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Nuevo Milenio Group
In this Group: Maritza, Beatris Martha, Mariela Susana, Monica Danitza, Florentina Adela, Nieves*, Felix, Norma Geovana*, Carmen Yenny, Maria Rosa , Lourdes Carla , Elizabeth , Walter Santos
* not pictured
The New Millennium Group is composed of 13 members dedicated to the sale of beauty products, groceries, sweets, CDs, and a variety of products that generate income to sustain their families. This group has already worked with their micro-finance organization through four loans, during which time they have demonstrated responsibility, honesty and a willingness to work. In every type of commerce the competition of supply and demand always exists, and the members know how to forge ahead to proviD. a better quality of life for their families.

This loan is destined for diversification of products, and to invest in supplies and tools that will improve the quality of their products and help them keep up with the competition.

The fact that the members are in their fourth loan cycle with their institution is because they can count on experience in solidarity groups and they know how to administer funds. This is why the foundation offers its economic help, so they and their families can get ahead.

View original language description ↓
El grupo “Nuevo Milenio” es un grupo compuesto por 13 socias que se dedican a L. venta D. productos D. belleza, Abarrotes, dulces, CDs, y variedad D. productos que les generen ingresos para poder sustentar a sus familias, este grupo ya esta trabajando con L. institución bajo esta modalidad D. crédito por cuarto ciclos, tiempo en el que han demostrado responsabilidad, honestidad y ganas D. trabajar. Como en todo rubro comercial siempre existe L. competencia D. L. oferta y L. demanda, pero las socias saben como salir adelante para obtener mejores ingresos para poder darle a su familia una mejor calidad D. vida. Este crédito esta destinado para L. diversificación D. productos y para invertir en L. compra D. materiales insumos y herramientas que ayuden a mejorar L. calidad D. sus productos parque estos puedan combatir a L. competencia Las socias van cursando su cuarto ciclo dentro D. L. institución por lo que cuentan con experiencia en grupos solidarios y saben como administrar los fondos, es por esta razón que L. fundación les brinda un apoyo económico para que puedan sacar adelante a sus familias.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Bolivia

  • $5,500
    Average annual income
  • 126
    View loans »
    Bolivia Loans Fundraising
  • $36,721,100
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Milenio Group's $3,950 loan helped a member fOR OPERATING CAPITAL FOR A VARIETY OF BUSINESSES.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 4, 2009
Oct 1, 2009
Currency Exchange Loss:
Feb 15, 2010